Gold Mining - Using Each Trading Day's Trend | Page 149 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #2,961
  • Jul 21, 2020 4:09am Jul 21, 2020 4:09am
Quoting Skoljkica
{quote} It would be easier to understand your analysis if you could also write the price when you mention your target (in this case 38.2 fib).
Well in this case the first 0.382 (minimal target) is at $1797.
  • #2,962
  • Jul 21, 2020 4:10am Jul 21, 2020 4:10am
Quoting thatguy22
Please consider taking a look at my Gold Update. I found a nice Short opportunity on the Daily chart, the retracement would also allow some more long term oriented traders to enter with the Long position later. I also provided Stops and Targets for this trade I upload weekly analysis every Sunday and daily analysis from TUE to FRI. https://www.youtube.com/watch?v=55FJ_9RDzGs
XOP target hit, I am Short now let's see
  • #2,963
  • Jul 21, 2020 4:24am Jul 21, 2020 4:24am
Quoting obatraid
Where is EVERYONE, ya'll went spending yesterdays profits....? Miners to the Mines , Need some more experienced technical guidance and thanks Xau. BUT I have opened several SELLS at the 1822 zone, expecting a reversal to the 1821 - 20 region, preferably the 1820 zone where I can make some close, My stop loss is at 1825, (I don't think it may get there) BUT if it does, I open more Sells down the road, I expect market to close around the 1820 region, BUT kindly please MORE TECHNICAL ANALYSIS.
Bulls if you will go up, just go up and if down then go down, stop playing on my fuck*ng intelligence. And I fuck*ng HATE SPREADS

Quoting Skoljkica
Good morning to all. I am looking to go long with Gold. I've placed my buy orders above 1822.77, but I'm prepared that price could reach 1818.00 (even though it seems too far away, but anything is possible) First resistance (TP) line I am watching is at 1829.62, from where we could have a pullback down to 1827.18 Next resistance (TP) from there could be 1842.19/1845.85 SL tight I don't think we will have some bigger sell movement before 1829.62/1845.85 is reached.
These BULLS have obviously made their choice, I'll wait out this rage and place a sell, when their testosterone runs out.

My SL hit, now I await a proper SELL entry above 1827 - 1829. Watching keenly!

BTW, great analysis Skol!
Jus tryna be a BILLIONAIRE!
  • #2,964
  • Jul 21, 2020 7:07am Jul 21, 2020 7:07am
Quoting Skoljkica
Good morning to all. I am looking to go long with Gold. I've placed my buy orders above 1822.77, but I'm prepared that price could reach 1818.00 (even though it seems too far away, but anything is possible) First resistance (TP) line I am watching is at 1829.62, from where we could have a pullback down to 1827.18 Next resistance (TP) from there could be 1842.19/1845.85 SL tight I don't think we will have some bigger sell movement before 1829.62/1845.85 is reached.
TP 1829.62 hit, now waiting for a new opportunity to reenter second order. Maybe at 1823.18?
First order at 1823 is still open with protective SL
Always expect unexpected.
  • #2,965
  • Jul 21, 2020 7:18am Jul 21, 2020 7:18am
Quoting Skoljkica
Good morning to all. I am looking to go long with Gold. I've placed my buy orders above 1822.77, but I'm prepared that price could reach 1818.00 (even though it seems too far away, but anything is possible) First resistance (TP) line I am watching is at 1829.62, from where we could have a pullback down to 1827.18 Next resistance (TP) from there could be 1842.19/1845.85 SL tight I don't think we will have some bigger sell movement before 1829.62/1845.85 is reached.
Closed all orders. I'm waiting for the news.
I'm satisfied with this. Maybe price will reach my TP, but it doesn't matter. I'm waiting for new opportunity.
Attached Image
Always expect unexpected.
  • #2,966
  • Edited 9:15am Jul 21, 2020 8:59am | Edited 9:15am
Took a sell 1839.52 (small size trying some levels out) sl was 1842 tp was 1834.60 now in a buy from 1835.59 tp will wait and see but have a sell order in at 1849 and another sell at 1855
this is only a small size if it all pans out will then start to post charts etc, see how it goes
SL for the buy is 1831.70
if 1843 breaks sl will move to 1837.50
if 1854 breaks sl will move to 1840

Sorry for last 3 lines of edits

put in a buy order at 1837.95
looking for price to his 1837.50
tp on this will be 1848.50
sl 1832.50
buy order activated
  • #2,967
  • Jul 21, 2020 9:21am Jul 21, 2020 9:21am
Great job yet again Skol perfect anlysis once again. I was a little biased towards bears since I was selling but I got out of all took a small loss but need to learn to be objective in my analysis as you are. makes for a better trading strategy and plan.
  • #2,968
  • Jul 21, 2020 9:27am Jul 21, 2020 9:27am
Thanks Ray.

I'm in again at 1839.93
TP for second order 1485.85
TP for first order 1856.63
Always expect unexpected.
  • #2,969
  • Jul 21, 2020 9:42am Jul 21, 2020 9:42am
Quoting Skoljkica
Thanks Ray. I'm in again at 1839.93 TP for second order 1485.85 TP for first order 1856.63
Got kicked out from this, now I'm waiting 1834.21/1832.51 for new entry.
Always expect unexpected.
  • #2,970
  • Jul 21, 2020 10:14am Jul 21, 2020 10:14am
I am not shorting gold again until it hits $3k !

this is a long term bull market guys - buy dips only
shorting the dips is a dangerous game I am no longer going to play even when it is ranging I am only going long

Burned quite a bit this week and on a bit of a loss on my shorts

But caught the move up to 1840
  • #2,971
  • Jul 21, 2020 10:24am Jul 21, 2020 10:24am
Quoting Skoljkica
{quote} Got kicked out from this, now I'm waiting 1834.21/1832.51 for new entry.
Shame Skol but hopefuly will pop back down there, if not and breaks above i may add another small buy when it retests the break...time will tell
In theory it would break the low before going just not sure about this beast

If it goes so low and takes me out before poping to new highs I'll find my broker CEO and give him a right little slap lol
  • #2,972
  • Jul 21, 2020 10:26am Jul 21, 2020 10:26am
Quoting Skoljkica
Thanks Ray. I'm in again at 1839.93 TP for second order 1485.85 TP for first order 1856.63
of course bro. I need to tweak that part of my mind it still causes mistakes. need to focus just on what the chart is telling me and not what I'm telling me lol.
  • #2,973
  • Jul 21, 2020 10:31am Jul 21, 2020 10:31am
ya this beast is doing its own thing at this point, ive gotten rocked a few times now too, buy then it dips sells then it spikes. i put sls today but they've been hit so I guess just waiting to see now
  • #2,974
  • Jul 21, 2020 10:32am Jul 21, 2020 10:32am
Quoting forexdancer
{quote} Shame Skol but hopefuly will pop back down there, if not and breaks above i may add another small buy when it retests the break...time will tell In theory it would break the low before going just not sure about this beast If it goes so low and takes me out before poping to new highs I'll find my broker CEO and give him a right little slap lol
Haha, just do it when all of your orders are closed, or better take all the money out before broker does.

I'm in again at 1838.19 and 1839.20.
I will scalp second one, with TP 1841.45
First one, not sure yet. I will maybe close it at the same price, but if price breaks 1841.45 there is a possibility to find it as a support.
Always expect unexpected.
  • #2,975
  • Jul 21, 2020 10:34am Jul 21, 2020 10:34am
Quoting rayoub
ya this beast is doing its own thing at this point, ive gotten rocked a few times now too, buy then it dips sells then it spikes. i put sls today but they've been hit so I guess just waiting to see now
SLs are there to be hit, for TPs I'm not sure.
Always expect unexpected.
  • #2,976
  • Jul 21, 2020 10:38am Jul 21, 2020 10:38am
Quoting Skoljkica
{quote} Haha, just do it when all of your orders are closed, or better take all the money out before broker does. I'm in again at 1838.19 and 1839.20. I will scalp second one, with TP 1841.45 First one, not sure yet. I will maybe close it at the same price, but if price breaks 1841.45 there is a possibility to find it as a support.

it may get to your original entry looking at is all but i wont get out of my buys above unless sl hits though i may add another small one at the 1834 area if it gets that low and not agressively
  • #2,977
  • Jul 21, 2020 10:44am Jul 21, 2020 10:44am
watching the tick volumes right at the tops for sells knowing gold it will pop above and take out the sells but it is now a waiting game see if i get $$$ or a bag of stones lol

This time like some of you guys, i have to stick to my plan getting in and out is fluffed, so i made a plan did my analasys and now stick with it see if it comes to papa or i go back to my day job lol
  • #2,978
  • Jul 21, 2020 10:52am Jul 21, 2020 10:52am
Quoting forexdancer
watching the tick volumes right at the tops for sells knowing gold it will pop above and take out the sells but it is now a waiting game see if i get $$$ or a bag of stones lol This time like some of you guys, i have to stick to my plan getting in and out is fluffed, so i made a plan did my analasys and now stick with it see if it comes to papa or i go back to my day job lol
BUT remember, know when a trade is a lost cause and when to let go, a STOP LOSS will save you from Bankruptcy and Depression, it ensures you are alive to trade along the next days analysis. Today was BAD for me BUT SL kept me much well alive, now monitoring to see if I can get a clear closing Sell at 1840 - 1842, OR just wait out and resume tomorrow.

My Account is well alive!

Quoting forexdancer
{quote} Shame Skol but hopefuly will pop back down there, if not and breaks above i may add another small buy when it retests the break...time will tell In theory it would break the low before going just not sure about this beast If it goes so low and takes me out before poping to new highs I'll find my broker CEO and give him a right little slap lol
Give him a BOOT for all of my losses today also, hahahaha
Jus tryna be a BILLIONAIRE!
  • #2,979
  • Jul 21, 2020 10:57am Jul 21, 2020 10:57am
Quoting obatraid
{quote} BUT remember, know when a trade is a lost cause and when to let go, a STOP LOSS will save you from Bankruptcy and Depression, it ensures you are alive to trade along the next days analysis. Today was BAD for me BUT SL kept me much well alive, now monitoring to see if I can get a clear closing Sell at 1840 - 1842, OR just wait out and resume tomorrow. My Account is well alive!
Thx for the input, i have sl's in and tp's and the plan as posted above 2967 so all safe and willing to take the loss if it happens we all trade differently see in different ways, this time i took time out worked out my plan of action and have to stick to it or i may as well stop trading,
so will see how it all pans out, if all good then once complete i will post charts to go with my plans in future
  • #2,980
  • Jul 21, 2020 11:07am Jul 21, 2020 11:07am
the flag on lower time frame is getting smaller and smaller, dolla index going down and down, eur going up against the dolla, all the same will see what side of the flag this breaks out now london is closed anly the market knows
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